TROPONIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TROPONIN
Largest movements
- Receivables within one year +€140,178
up €140,178 (+153%), from €91,679 to €231,858
of which Other amounts receivable: +€141,813
- Cash +€48,513
up €48,513 (+200%), from €24,269 to €72,782
mainly Net result for the year (+€191,562) and Depreciation (+€37,434)
- Tangible fixed assets -€23,562
down €23,562 (-15.9%), from €148,431 to €124,869
of which Furniture and vehicles: -€15,768
- Profit (loss) carried forward +€191,562
up €191,562 (+82.4%), from €232,476 to €424,037
- Debts after one year -€25,657
down €25,657 (-43.6%), from €58,809 to €33,152
- Gross operating margin +€89,352
up €89,352 (+46.0%), from €194,100 to €283,452
- Taxes +€24,122
up €24,122 (+66.0%), from €36,548 to €60,671
- Financial income +€5,997
up €5,997 (+126%), from €4,751 to €10,748
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,855 | €527,026 | +€169,170 | +47.3% |
| Fixed assets | 21/28 | €148,431 | €124,869 | -€23,562 | -15.9% |
| Tangible fixed assets | 22/27 | €148,431 | €124,869 | -€23,562 | -15.9% |
| Land and buildings | 22 | - | €1,261 | +€1,261 | |
| Plant, machinery and equipment | 23 | €5,516 | €3,685 | -€1,831 | -33.2% |
| Furniture and vehicles | 24 | €86,918 | €71,149 | -€15,768 | -18.1% |
| Leasing and similar rights | 25 | €55,997 | €48,774 | -€7,223 | -12.9% |
| Current assets | 29/58 | €209,425 | €402,157 | +€192,732 | +92.0% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,679 | €231,858 | +€140,178 | +153% |
| Trade receivables | 40 | €4,894 | €3,259 | -€1,635 | -33.4% |
| Other amounts receivable | 41 | €86,786 | €228,599 | +€141,813 | +163% |
| Current investments | 50/53 | €13,477 | €13,477 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,269 | €72,782 | +€48,513 | +200% |
| Deferred charges and accrued income | 490/1 | - | €4,041 | +€4,041 | |
| Total equity and liabilities | 10/49 | €357,855 | €527,026 | +€169,170 | +47.3% |
| Equity | 10/15 | €242,476 | €434,037 | +€191,562 | +79.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,476 | €424,037 | +€191,562 | +82.4% |
| Amounts payable | 17/49 | €115,380 | €92,988 | -€22,391 | -19.4% |
| Amounts payable after more than one year | 17 | €58,809 | €33,152 | -€25,657 | -43.6% |
| Financial debts | 170/4 | €58,809 | €33,152 | -€25,657 | -43.6% |
| Amounts payable within one year | 42/48 | €56,571 | €59,836 | +€3,265 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €24,912 | €25,657 | +€745 | +3.0% |
| Trade debts | 44 | - | €3,508 | +€3,508 | |
| Suppliers | 440/4 | - | €3,508 | +€3,508 | |
| Taxes, remuneration and social security | 45 | €31,659 | €30,671 | -€988 | -3.1% |
| Taxes | 450/3 | €26,548 | €30,671 | +€4,122 | +15.5% |
| Remuneration and social security | 454/9 | €5,111 | - | -€5,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,548 | €37,434 | +€1,887 | +5.3% |
| Other operating charges | 640/8 | €528 | €543 | +€16 | +3.0% |
| Gross operating margin | 9900 | €194,100 | €283,452 | +€89,352 | +46.0% |
| Operating profit (loss) | 9901 | €158,025 | €245,474 | +€87,449 | +55.3% |
| Financial income | 75/76B | €4,751 | €10,748 | +€5,997 | +126% |
| Recurring financial income | 75 | €4,751 | €10,748 | +€5,997 | +126% |
| Financial charges | 65/66B | €3,182 | €3,990 | +€807 | +25.4% |
| Recurring financial charges | 65 | €3,182 | €3,990 | +€807 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €159,594 | €252,233 | +€92,639 | +58.0% |
| Income taxes | 67/77 | €36,548 | €60,671 | +€24,122 | +66.0% |
| Profit (loss) for the period | 9904 | €123,045 | €191,562 | +€68,517 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,045 | €191,562 | +€68,517 | +55.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.